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General

Telefonica steps up talks to sell Chile subsidiary - report

Tuesday 5 January 2021 | 10:07 CET | News
Telefonica has stepped up the process to find a buyer for its Movistar Chile subsidiary, with Liberty Latin America emerging as the most likely buyer, according to unnamed sources consulted by business daily El Economista. The Spanish group has been working with Citi and Morgan Stanley for over a year to find potential buyers for its Latin American assets as part of a restructuring plan to modulate its exposure to the region and reduce debt. It sold its Costa Rican mobile business to Liberty Latin America for around EUR 425 million last year and the companies have held talks over a similar

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Categories: General
Companies: Claro / Entel / Liberty Latin America / Movistar Chile / Telefonica / VTR
Countries: Chile
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